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Since Le wants it to stay on topic we will revisit why all of PV's companies are in the crapper.
First of all the guy who controls the company is Philip Verges. He has from day one done extreme dilution followed by R/S with all of his companies.
In fact he has put out in press releases PPS potential and goals of anywhere from .30 to over 1 dollar for his companies. The last R/S for NWMT he was doing this pump just weeks before the R/S. That is the definition of a pump and dump.
He did have as an auditor Stephen Durland. This was until Durland was banned from providing auditing services for public companies. Currently Durland took a plea deal as the CFO of Pegasus wireless in a securities fraud scam and will be sentenced in September. (side note: The lawyer that lined everything up for the Vergetech merger with IP voice which formed NWMT name was Mitter. He is currently serving a prison term for fraud.) In fact at one point Phil put out a PR talking about buying Pegasus. Durland and his associate dumped millions of shares on the market following that PR. What Durland gave to the authorities remains to be seen.
Philip Verges has as of count right now 5 companies that I know of which he owns on the pinks. They all have a track record of PR's, dilution and R/S's.
Philip's wife Heidi is involved with Vita Developments which is a non profit out of Texas. Philip's companies have ties to Vita in Kenya. Weather any money exchanges hands who knows? Furthermore we can not even check it out. Why? The State of Texas does not allow public access to non profit filings to include Heidi's salary if any from Vita Developments.
Philip is involved with Honduras Hope another non profit out of Texas. This one does business in South America, which is another area Philip has businesses. Weather they do business together I do not know.
If you take in the whole magnitude of the situation it does not pass the smell test if you ask me.
I am still waiting for you to put the facts up on the board. 20 billion now authorized.
Ledynasty,
Why don't you update the message board now? Its been over a month that they up authorized to 20 billion.
Yeah its a big conspiracy.
Verges and company are going to sue everyone for telling the truth.
He lied to his investors and keeps diluting with NWMT, CCTR, NVAE, WSGF, NUBL now PRPM.
Your right its a big conspiracy that anyone would short any one of these stocks since it has always gone down due to dilution and management lies.
I do believe in Karma also. I also believe that these guys are under the microscope. Same statements as other companies that have run pump and dumps on investors.
When the heat gets going good on them they claim manipulation and threaten to sue everyone. I do believe Philip his partners and a good portion of his family are going to eventually go to jail for fraud.
The funny thing is they state that it has caused loss of business. I have never met a business person who has taken what someone says in emails or over the phone against someone they are in business with as cardinal. So I would think that they did some checking up on what he had going on and did not want to be associated with his unethical (and I believe illegal) operations.
Its going to make the security less liquid by requiring you to hold stock for a min. of three days before selling it.
In the small picture it sounds fantastic. But in the larger picture the fact that the A/S jammed to 20 billion. And the fact that Verges and crew have been using pump PR's for years it is not good.
Don't trust me though you can get that information yourself. And the PR history can be obtained online through marketwire's archive search.
Thats puzzling that they would say that.
I thought they said they were having the meeting due to the large increase in complaints via phone email etc. on PPS performance.
So now in this PR they state that they did not see a higher volume of this.
Sounds to me like another lie from management. Just like the pursuing non dilutive financing they have been saying for years.
What do you expect from PV after all he was on the board of directors of ivaluerich.com a media based stock promotion company.
Wow A/S raised to 20 billion. That is criminal.
Of course what do you expect. PV always puts out crazy pumps like town halls, PPS potential etc. when he is waiting to screw his shareholders.
Who did you get this from liar?
This was in a PR released by NVAE
Here you go gents and ladies.
"Under the terms of a share exchange agreement to affect the acquisition announced today, ProTek acquired 100% of the shares of the Texas company in exchange for 10,000 newly issued shares of ProTek Series B Preferred Stock with 51% voting rights."
John Verges stake from the reverse merger is 30% of those as a principle of that Texas corporation. The other Series B Preferred shares are owned by his family members, they are the other principles of the Texas corporation.
Good luck you all are going to need it.
You all are funny. John Verges owns controlling interest through the merger deal.
The CEO has extensive management experience? They do not name any companies so that is all I need to know.
John Verges
Brother of Philip Verges
Former CEO of NWMT
Look at all the other companies the family runs. Do extensive DD.
LOL
I just like getting a laugh out of you pumping this thing everyday. You ever wonder why Philip and Heidi are involved in two charities. Running one of them. And over 10 businesses?
Looks a lot like shell games.
You are right we are ready to rock n roll!
Alright...
First of all the guy who controls the company is Philip Verges. He has from day one done extreme dilution followed by R/S with all of his companies.
In fact he has put out in press releases PPS potential and goals of anywhere from .30 to over 1 dollar for his companies. The last R/S for NWMT he was doing this pump just weeks before the R/S. That is the definition of a pump and dump.
He did have as an auditor Stephen Durland. This was until Durland was banned from providing auditing services for public companies. Currently Durland took a plea deal as the CFO of Pegasus wireless in a securities fraud scam and will be sentenced in September. (side note: The lawyer that lined everything up for the Vergetech merger with IP voice which formed NWMT name was Mitter. He is currently serving a prison term for fraud.) In fact at one point Phil put out a PR talking about buying Pegasus. Durland and his associate dumped millions of shares on the market following that PR. What Durland gave to the authorities remains to be seen.
Philip Verges has as of count right now 5 companies that I know of which he owns on the pinks. They all have a track record of PR's, dilution and R/S's.
Philip's wife Heidi is involved with Vita Developments which is a non profit out of Texas. Philip's companies have ties to Vita in Kenya. Weather any money exchanges hands who knows? Furthermore we can not even check it out. Why? The State of Texas does not allow public access to non profit filings to include Heidi's salary if any from Vita Developments.
Philip is involved with Honduras Hope another non profit out of Texas. This one does business in South America, which is another area Philip has businesses. Weather they do business together I do not know.
If you take in the whole magnitude of the situation it does not pass the smell test if you ask me.
You all heard about Pegasus Wireless?
The CFO that pleaded guilty used to do the audits for NWMT. Name is Stephen Durland
Ladies and Gentlemen,
This is nothing new for Philip Verges companies. They are all tech. and tech. oriented companies. Doing everything from Golf competitions to systems integration to cell phones.
And let me guess. Not one of you find it odd that they use the same pumps over and over.
And seeing that they have a bunch of tech. people working for them they all continue to have problems getting their webcasts out.
Knowing IHUB's rep. this is purposeful misinformation. You have people saying 1800 pacific time for a company that is based in Dallas.
Guess they are not fully converted. Or more than likely if anyone takes the time to stop by the suite in Dallas they would know why. Most of the time no one is there at all.
From past performance, no.
They have always been flush with cash in the coffers. They have also averaged a R/S each year and massive dilution. They have continually used dilution to keep from having to do anything with the cash but pay themselves.
No, no position here.
We would say that is a good start. Next do another buyback in the future and some forward splits to repay your shareholders that you have continually deceived Mr. Verges.
That is a 10Q.
Yes they have a good amount of cash on hand. No cash has ever been used to buy back shares or give shareholders of a Verges company a return.
All proceeds have always gone to the officers and owners pockets. They have on every occasion used stock dilution to grow and fund the businesses.
That is up to you and what you want to risk.
We want to make sure that everyone here has all the information before making a pumped up impulse buy of this security. Or any of the securities tied to these individuals.
People need to know they use the same key word phrases and have lied i PR's to shareholders in the past.
So we would like everyone to realize to not get wrapped up in the hype you see on ihub or any other stock board. Do very good DD.
Then you should probably keep all the buy opinions in your pockets too.
Have a good day.
Ok question for you all.
Why would you attack someone that is putting out factual information that can be found in past press releases and business activities by Verges?
What do you have to gain?
Because I have been investigating this and other pinks for investors in several of Verges's companies.
Any reason why Verges picked this company to do stock promotions through?
Maybe cause he was on the payroll.
http://www.advfn.com/news_ValueRich-Announces-a-New-Board-of-Director-Philip-M-Verges-to-Replace-Resign_29845749.html
After ivaluerich.com was brought into the spotlight the website disappeared.
We will see.
Run from what. I have been investigating Verges for three years.
Everything we have has been handed over to the authorities.
Record of all the PUMPS by Verges.
http://www.marketwire.com/AdvancedSearch/AdvancedSearchResults.aspx?sid=3d936aff-d688-461b-b963-61d3008fe025&idx=1&page=1
Once you get to page ten you can use the arrows to advance to 11-20 and so on.
See for yourselves same pumps for several years with massive dilution, R/S's and increases in share structure.
The ones you will see over and over are:
Record profits
ROI for shareholders
Dividend
Up listing strategies
PPS potential
Why delay the Webcast to Friday?
Using the 10Q numbers to sell the last few shares. They failed to address the fact that the share count is near max in that 10Q but put plenty of fluff in it.
Friday maybe but by the end of the month R/S or Increase in A/S coming.
Yeah throw a bread crumb.
Verges has two companies that he has been touting for years to give investors a realized return.
NWMT and CCTR. Both have always been flush with cash yet he still dilutes and sells shares for less than a penny on the conversion break even. Never has done a buy back.
Its catching up with him though :)
Now since you are the moderator I assume you have followed Verges companies for more than a heart beat.
When have they ever had Q/A? Never.
When have they ever bought shares back? Never.
Do not take my word for it people. Researching it will take less than an hour.
So if this is not a pump and dump explain this:
http://www.marketwire.com/press-release/NewMarket-Latin-America-Inc-Releases-First-Letter-Series-Updates-on-Acquisitions-Subsidiary-824394.htm
None of those promises were followed through on.
And this was not the first time Verges used this pump with NWMT or the only company under him he has used it with.
Not only has he never followed through with any dividend promise. He has also never followed through with a big market exchange listing as promised with multiple companies under NWMT control.
Because Philip Verges companies all do R/S or increase authorized to pay debt that is in the 100's of thousands when they are flush with cash.
These companies are nothing but milking machines for Verges and his family.
They borrow money sometimes taking part in the convertible debt then pump dump and R/S or increase authorized. And then do it all over again. There is no value here. Furthermore contrary to belief on this board the short sellers are actually the note holders then they cover with the convertibles.
Why would they care? They are making money off of transactions anyway. Not enough interest in this thing for them to take a bigger stake.
Facts is facts people NWMT and any other Philip Verges stock do not go anywhere. Why?
Lying to his investors and R/S yearly tend to keep people from touching a company with a ten foot pole.
Wow.
You need to really go to a professional.
Its called they are selling for the financing due in June. You need to dig further into filings than the first page.
And?
We have already handing in plenty of information to the SEC on Philip Verges and his multiple companies running out the same suite in Dallas.
In addition we included his capital raising through ivaluerich.com which put NWMT into dilutive financing. That is when he was on the board of directors of ivaluerich.com
And his several private companies that do service contracts for his public companies.
You should look at the correspondence between the SEC and PV companies over the last couple months.
Do you really think people are that dumb.
Shorts want this thing to pop up huge. That way they can sell toward the peak of the pop.
Everyone already knows they are paying for the next three notes and operations with dilution.
So a short would have covered well before today and be in here pumping to sell share on the pop to max profits right now.
Yeah, its called Philip Verges's pump and dump games are very well known.